Mexico estimates net new debt of 2.7 pct of GDP in 2016

MEXICO CITY, Dec 21 (Reuters) - Mexico plans to take on net new debt equivalent to about 2.7 percent of gross domestic product (GDP) in 2016, the country’s finance ministry said on Monday.

The figure is lower than the estimated 2015 figure of 3.2 percent of GDP, and the government said it is consistent with its aim to reduce the 2016 deficit, excluding investments by state oil company Pemex and other items, to 0.5 percent of GDP. (Reporting by Jean Luis Arce; Editing by Ken Wills)